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Thank you for your excellent help
Just a note to say thank you, thank you for your excellent help in assisting me to buy my new condo and to sell my home. I have been very impressed with your own professionalism and efficiency and that of your team. You all work together so well - it's been a pleasure to partner with you. As it has been more than 30 years since I bought my one and only house, I would have been overwhelmed by what needed to be done without all your advice and help. Send future clients to me and I'll rave to them!
Mary Collins
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Real Estate Contracts >Contingency Sale
Sellers may be reluctant to accept an offer that is contingent on the sale of another property. However, such a sale can be structured to minimize the risks.
The seller should put a limit on the amount of time that the buyers have to accept an offer, and they should keep their home on the market during that time. They should also reserve the right to require that any contingencies be met within a short period of time, ideally 24 to 48 hours, if they get a second offer. This is called a "First Right" contingency.
Contingent sales can work well for the sellers. The buyer is not in a position to ask for concessions on price or terms and may be able to get interim financing. Each situation is different, however, so go over the terms with your real estate agent before accepting a contingent offer.
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| Q |
Where is the world's oldest castle located?
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| A |
The castle at Gomdan, Yemon, dating from before A.D. 100, is considered the oldest castle; it originally had 20 stories. |
 See More Real Estate Trivia > |
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- NUMBER1EXPERTS™ 
